[2014-06-17] Venture Capitalists Are Investing in Bitcoin at the Fastest Pace to

[LiteCoinGuy]

Venture Capitalists Are Investing in Bitcoin at the Fastest Pace to Date

http://moneymorning.com/2014/06/16/venture-capitalists-are-investing-in-bitcoin-at-the-fastest-pace-to-date/#.U5_NKz5gkGg.twitter

[Bit_Happy]

Venture capitalists are stepping up the pace at which they are investing in Bitcoin, a powerful sign that the digital currency is on track to fulfill its promise of being the most innovative and disruptive force since the Internet.

According to a running tally on the CoinDesk website, venture capital Bitcoin investments in May alone totaled $56 million, which was nearly as much as the 2014 total through the first four months, $57.24 million.

And just today (Monday), Bitcoin security startup BitGo announced it had raised $12 million in Series A financing from Redpoint Ventures.

That puts the year-to-date venture capital Bitcoin investment figure at $125.24 million. If investing in Bitcoin maintains the current pace, total investments will eclipse $250 million for the year.


Nice article: They go on to point out that the numbers are not huge, but the pace is accelerating rapidly. 

[Chef Ramsay]

Venture capitalists and accepting businesses are our best friends.

[ShakyhandsBTCer]

A total of $250 million would be nearly three times the Bitcoin investments from venture capitalists in 2013.

The best thing about this article is that the rate that investment is growing at is 300% YoY. This is huge and a lot of innovation should come of this.

[LiteCoinGuy]

A total of $250 million would be nearly three times the Bitcoin investments from venture capitalists in 2013.

The best thing about this article is that the rate that investment is growing at is 300% YoY. This is huge and a lot of innovation should come of this.

yeah, its like pouring fuel into a fire.